The cryptocurrency market is highly volatile, don't let short-term fluctuations mislead you!
BTC: After the unemployment data was released last night, Bitcoin dropped immediately, stabilizing around 117,000 by midnight, at which point the bears were not as aggressive. Looking at the monthly chart, the overall trend is still upward. The 4-hour chart showed some divergence earlier; this pullback is a normal adjustment, and the price is now at a key level of the 50% Fibonacci retracement. During the day, the focus is on whether 116,500 can hold.
Trading advice: Buy when Bitcoin drops to around 117,500-117,800, target 119,000-120,000. If it breaks upward, continue to ride the trend, with a stop-loss set at 116,500.
ETH: Ethereum is hovering around 4,500 looking for support this morning, and the price is now fluctuating slightly above 4,500. On the daily chart, although it dropped yesterday, it only retraced the gains from the day before and did not fall as hard as Bitcoin; the upward momentum is still present. The 4-hour chart has shown several long lower wicks, indicating that there is buying interest below, and the bears may be losing strength. If it stabilizes during the day, it may start to rise.
Trading advice: Buy in batches when Ethereum drops to 4,500-4,530, with a target of 4,600-4,700. If it breaks upward, reduce some positions and continue to ride the trend, with a stop-loss set at 4,450.
Bitcoin has broken its historical high, and ETH has reached a new high for the year! I will make another arrangement internally tonight! I have already gone all in. There are still 15 spots available internally, sign up directly!!!
